234 Pelham Street Methuen — Photo 1 of 37
$795,000
Investment Analysis — 234 Pelham Street
Methuen, MA 01844
Based on HUD Small Area Fair Market Rent for Lawrence, MA-NH HUD Metro FMR Area, a 2-unit multi-family in 01844 carries an estimated $4,820/mo in gross rent — about a 4.65% cap rate and $36,967/yr in estimated NOI at the $795,000 list price. Adjust every assumption in the calculator below.
Beds
5
Baths
3
SqFt
2,674
Style
2 Family - 2 Units Side by Side
Built
1950
Totally updated move in ready side by side 2 family property one minute from Rte 93! New kitchen w/ith shaker style cabinets, Stainless Steel appliances, recessed lights, breakfast Island, granite counter tops and wide pine board flooring all open concept to the beautiful Living room with pellet stove & beautiful Dining room. Off the kitchen is a new full bath / laundry area plus a spacious mud room. 2nd floor offers 4 BIG bedrooms with wood floors & big closets plus another new full bathroom.The 1 bedroom apartment with big closet was gutted and is all new with open concept Living room & quaint kitchen with cathedral ceiling & hardwood floors plus ¾ bath / laundry room. Enjoy the back yard that offers a big maintenance free deck leading to the beautiful built in pool all fenced in for privacy & perfect for entertaining! New wall mount 4 zone boiler, 40 gallon hot water tank and lots of new plumbing! Big walk up attic with tons of room for storage & tons of off street parking! This property is located close to everything one would need! Showing start immediately! Open House Saturday 9/12 & Sunday 9/13 10-12 Noon
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
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Dishwasher • Microwave • Refrigerator • Washer • Dryer • Range
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Listing Agent: David Nicholaou
Listing Office: Re/Max Innovative Properties
MLS® Number: 73574629
